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<br />bond shall be liable for any and all penalties and obligations which may be <br />incurred by Contractor under this Agreement. Acceptance of the bond by the <br />City is subject to the review and approval of the bond by the City Attorney's <br />office. <br /> <br />10. In addition to the bond required under Paragraph 9 hereof, Contractor shall <br />furnish a good and sufficient corporate surety bond in the penal sum of one <br />hundred percent (100%) of amount of bid, which bond shall conform strictly with <br />the provisions of Chapter 7, Title 15, Part 4, Division 3, of the Civil Code of the <br />State of California, and all amendments thereto. Acceptance of the bond by the <br />City is subject to the review and approval of the bond by the City Attorney's <br />office. <br /> <br />11. Pursuant to California Public Contract Code Section 7100, the acceptance by <br />Contractor of an undisputed payment made under the terms of the Contract shall <br />operate as, and shall be, a release to City, and their duly authorized agents, from <br />all claim of and/or liability to Contractor arising by virtue of the Contract related to <br />those amounts. Disputed contract claims in stated amounts may be specifically <br />excluded by Contractor from the operation of the release. <br /> <br />12. The Contractor may substitute securities for the amounts retained by the City to <br />ensure performance of the Contract in accordance with the provisions of Section <br />22300 of the Public Contract Code. <br /> <br />13. The representations made herein, including the bidder's licensing information <br />hereinafter furnished, are made under penalty of perjury. The undersigned <br />understands that any bid not containing said licensing information, or containing <br />any information which is subsequently proven false, shall be considered non- <br />responsive, and shall be rejected by City. <br /> <br />IN WITNESS WHEREOF, the parties hereto have executed this Agreement this ;)!3r t7"1 <br />day Of~, 2005. <br /> <br />CITY: <br /> <br />CITY OF REDWOOD CITY, a charter city and <br />municipal corporation of the State of California <br />1017 Middlefield ad. <br />Redwood Ci ,~A 4...- 3 fill-. ¡li. <br /> <br />By: ~ r(, tJ./t7 <br />Ed Everett, City Manager <br />~s t: " Uk? (!/)-1fL <br />.~JJI:!f:~ ~ <br /> <br />~a Howe, City Clerk <br /> <br />Atty/Agr/2005.064 <br />083105 <br /> <br />7 <br />